The earnings call highlighted significant cost optimizations and growth in the U.S. operations, alongside new enterprise contracts. However, challenges such as the demand letter from A&L and seasonal cash issues were noted. While the highlights indicate strong operational improvements, the presence of significant financial challenges tempers the overall positive outlook.

Company Guidance

In the Q3 2024 earnings call for Deveron Corp., the company provided guidance highlighting significant improvements and future strategies. Deveron achieved a 57% year-over-year improvement in non-IFRS adjusted EBITDA loss due to $2.5 million in cost optimization efforts implemented previously. The company also reported a 36% year-over-year improvement in EBITDA margin, translating to a $1.9 million increase. Gross margin grew by 8%, aided by the exit from a negative margin carbon collection business. Operating expenses were reduced by $1.4 million year-over-year, while stock-based payments decreased by 58%. Deveron's U.S. fertility operations saw an 86% year-over-year growth, and the company secured two new enterprise contracts projected to generate USD 1.5 million in sales. Additionally, Deveron reported a well over $1 million order book for carbon testing services despite initially budgeting $0 for 2024. The company emphasized a strategic focus on expanding their soil testing services, particularly in the U.S., aiming to leverage operational capacity and enhance testing volume for future growth.

Cost Optimization Success

Deveron executed $2.5 million in cost optimization, improving non-IFRS adjusted EBITDA loss by 57% year-over-year.

Enterprise Contract Wins

Closed 2 new enterprise contracts with expected sales of USD 1.5 million in 2024, adding 100,000 new samples to the U.S. lab network.

U.S. Operations Growth

U.S. operations achieved 86% year-over-year growth in fertility and 22% growth in carbon testing.

EBITDA Margin Improvement

Experienced a 36% year-over-year EBITDA margin improvement, roughly a $1.9 million enhancement.

Operating Expense Reduction

Operating expenses declined by $1.4 million year-over-year, with significant reductions in travel costs, operational payroll, and other related expenses.

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Deveron UAS (TSE:FARM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:FARM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 11, 2019	2018 (Q4)	- / -0.02	-0.021	-9.52% (>-0.01)	―	―
Aug 27, 2019	2019 (Q2)	- / >-0.01	-0.013	76.92% (<+0.01)	―	―
Nov 28, 2019	2019 (Q3)	- / -0.01	0.004	-375.00% (-0.01)	―	―
May 27, 2020	2019 (Q4)	- / -0.01	-0.023	34.78% (<+0.01)	―	―
May 27, 2020	2020 (Q1)	- / -	-0.023	―	―	―
Aug 24, 2020	2020 (Q2)	- / <0.01	-0.003	166.67% (<+0.01)	―	―
Nov 19, 2020	2020 (Q3)	- / -0.01	-0.011	0.00% (0.00)	―	―
Apr 01, 2021	2020 (Q4)	- / -0.01	-0.015	6.67% (<+0.01)	―	―
May 25, 2021	2021 (Q1)	- / -	-0.015	―	―	―
Aug 30, 2021	2021 (Q2)	- / -0.01	0.002	-700.00% (-0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:FARM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2024	C$0.08	C$0.06	-25.00%
May 28, 2024	C$0.08	C$0.06	-25.00%
Feb 21, 2024	C$0.18	C$0.18	0.00%
Nov 22, 2023	C$0.22	C$0.16	-27.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Deveron UAS Corp (TSE:FARM) report earnings?

Deveron UAS Corp (TSE:FARM) is schdueled to report earning on Jun 03, 2025, TBA Not Confirmed.

What is Deveron UAS Corp (TSE:FARM) earnings time?

Deveron UAS Corp (TSE:FARM) earnings time is at Jun 03, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

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What is TSE:FARM EPS forecast?

Currently, no data Available

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